The Walter Company disburses checks every two weeks that average ($200,000) in total and take three days
Question:
The Walter Company disburses checks every two weeks that average \($200,000\) in total and take three days to clear. How much cash can the Walter Company save annually if it delays the transfer of funds from an interest-bearing account that pays 0.04 percent per day for these three days?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Question Posted: